http://www.nolanchart.com/article4339.html ...!!! There is only $274 billion of the $6.84 trillion as cash on hand at banks.
http://www.marketoracle.co.uk/Article5733.html ...Green Mountains loom above the still waters. A loon calls from the next lake over. Who would guess that that not far from such serenity the world's most powerful nation was teetering on the brink of disaster? Though here in the bosom of nature one wonders why we should be surprised. Nations and empires come and then they go.
Instead, the hidden idea behind the euro was to literally force the creation of other regional currencies throughout the world.... http://www.marketoracle.co.uk/Article5725.html
Reality is now breaking through the delusion. Some people respond by closing their minds and asserting that the market will come back, "because it always does.".... http://www.larouchepub.com/other/2002/2929two_yrs_crsh.html
This isn't a "sale"; it's more like abandoning a sinking ship. The investment chieftains are getting scorched by their downgraded assets and have started dumping them at any cost. There's no market for mortgage-backed anything now, and there won't be until housing finds a bottom. By the time that happens, most of the CEOs and CFOs in the mega-brokerage houses will be squatting on street corners on the lower East Side with tin cup in hand. It's that bad... http://onlinejournal.com/artman/publish/printer_3571.shtml
Reality is now breaking through the delusion. Some people respond by closing their minds and asserting that the market will come back, "because it always does.".... http://www.larouchepub.com/other/2002/2929two_yrs_crsh.html
Disasters are hardly unique to our time. Periodic drought, flood, wildfire, recession, boom-and-bust cycles, famine, wars and rumors of wars, earthquakes, volcanic eruptions, tsunamis, tornadoes, hurricanes—all have darkened the human experience for generations.
Yet something unique in this tired old world's history is now occurring. The realists within our society, the real thinkers, those who deeply consider just what is going on upon planet Earth, are taking notice. All of a sudden, there appears to be a confluence of numerous catastrophes that are affecting not just one or two nations here and there, but the entire global system. .... http://www.thetrumpet.com/print.php?q=5377.0.107.0
EUOBSERVER / COMMENT - Anybody who believes the Eurozone is immune to the havoc created in the Anglo-Saxon economies by the credit crunch would do well to look again. Recent figures suggest the outlook for the EU-15 is poor - and if one factors in weakness of the Eurozone's economic governance, the outlook is positively grim. ... http://euobserver.com/9/26571?print=1
Regional banks are going to fall by the dozen before this is over. And some of the very largest banks will be taken over or go bankrupt. The financial sector needs to shrink because a lot of its business is gone and it's never going to come back. If the airline industry has too few passengers we see airlines going out of business. The Federal Reserve seems to have this picture that they can engineer things so that all the financial firms will shrink by fifteen percent. That's not the way a capitalistic system works. http://www.welt.de/wirtschaft/arti2258238/American_economy_will_become_more_European.html
SO ALAN GREENSPAN – former chairman of the Federal Reserve – thinks this equals the Great Crash, if not out-bads it.
"It's getting increasingly evident that this is a once-in-a-century type of phenomenon," http://news.goldseek.com/GoldSeek/1217609460.php
On Friday, British Airways, announcing an 88% plunge in profits, blamed the collapse on the "worst trading environment" the aviation industry has ever experienced.
http://business.scotsman.com/economics/Bill-Jamieson-We-need-a.4352281.jp
Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite. t's official. Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite.
